$825,000
Est. $4,163/mo17809 120th Avenue Se, Yelm, WA 98597
• Listed 2026-05-19•18 days on market
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Attention investors! Incredible opportunity to own a well-established income-producing multi-family property with tremendous upside potential. Situated on nearly 5 usable acres, this unique property features three total residential buildings, including a one 4-plex, one duplex, and a separate 2-bedroom, 1-bath single-family home. With a strong rental history and long-term tenancy in place, this property offers immediate cash flow along with future income-growth opportunities. All units are single-story, a highly desirable feature for tenants that also helps simplify maintenance and long-term management. The expansive acreage provides additional possibilities for future improvements, including the potential to add tenant storage units or other income-producing amenities, subject to buyer verification. Located at the end of a quiet cul-de-sac, the property offers a peaceful and private setting while still being conveniently close to everyday amenities. Just minutes from town and approximately 20 minutes to the East Gate of JBLM, this location is ideal for attracting and retaining tenants seeking both convenience and privacy. Whether you are looking to expand your investment portfolio or secure a property with long-term upside and stable occupancy, this rare multi-family opportunity checks all the boxes.
$369,000
-$456,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $307K and $435K.
Rental earnings
$1,100/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.

$435,000Last sold price
14612 Bald Hill Road Se, Yelm, WA 98597

$309,950Last sold price
17042 Arborvitae Court Se, Yelm, WA 98597
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
17809 120th Avenue Se, Yelm, WA 98597
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$4,762 per month
Great rateTakes about 5 minutes & won't affect your credit
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of May 20, 2026 at 12:34pm (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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Listed by Cynthia Schmier • RE/MAX Country
Listing updated: May 20, 2026 at 12:34pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2519652
Open Mon, Jun 8 +5
Open Mon, Jun 8 +1Yelm is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 10 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
Yelm School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.